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[Alpha Biz=(Chicago) Reporter Paul Lee] Doosan Group's corporate-led venture capital (CVC) has created the first fund to invest in future industries. The 100 billion won fund plans to invest in artificial intelligence (AI), robots, semiconductors, automation and eco-friendly energy that can create synergy with Doosan Group.
Doosan Investment, CVC of Doosan Group, said on the 8th that it has received 20 billion won in investment from five affiliates, including Doosan, Doosan Enerbility, Doosan Bobcat, Doosan Tesna and Doosan Robotics. The fund was named 'Doosan Technology Investment Association No. 1'. Doosan Group established CVC not to make a return on investment. It is planning to invest funds in start-ups that can create synergy with affiliates such as robots (Doosan Robotics) and semiconductors (Doosan Tesna).
Doosan Group plans to gradually expand its venture investment. Doosan established Doosan Investment as a subsidiary of Doosan, a holding company.
Last year, Doosan's holding company's sales rose 12.6% year-on-year to 19.13 trillion won and operating profit rose 27.6% to 1.4363 trillion won. In other words, it has the capacity to expand venture investment.
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